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Indian Market Outlook:

The Key benchmark indices rose over 2 percent during the week gone by and extended their up move for the fourth week in a row. Nifty ended the week with 2.49 percent higher at 18256 points while the Sensex ended with 2.47 percent higher at 61,223 points. BSE Small cap outperformed the key benchmark indices during the week. BSE Midcap index ended 2.40 percent higher, while the BSE Small cap index rose 3.06 percent. Foreign Institutional Investors were the net sellers during the week; sell equities worth Rs. 4003 crores while the DIIs were the net buyers of Rs. 3629 of crores. Bank Nifty was the underperformer during week rose over 1 percent. During the week all top IT companies announced their Q3 result. Except Wipro, all reported numbers in line or ahead of market estimates. Infosys raised it FY22 revenue guidance to 19.5%- 20% while HCL Tech maintained its double-digit revenue guidance and TCS announced a Rs 18,000 crore buyback. HDFC Bank also its reported in Q3 numbers on Saturday with improved asset quality and beats the estimates on Profit front on lower provisions. On Macro front, in December, US inflation hit 7 percent, which is fastest pace since 1982 while India’s retail inflation spikes to 5.59 percent. Going forward upcoming week is going to be a busy week with more companies will come their Q3 results, Reliance too will report its numbers on 21st January, 2022.  Market will also react on Budget 2022 estimates as Union Budget will be presented in Parliament on 1st February, 2022. On IPO front. AGS Transact Technologies is the first company to be launching its IPO in the new year 2022.

Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month 1 Year
Gold 1817.35 1.11 3.08 -0.03 -7.62
Silver 22.95 2.27 -5.67 -17.77 -10.32
Platinum 967.05 0.98 -0.73 -19.02 7.94
USD/INR 74.15 -0.16 -0.12 0.75 0.32
Crude 83.82 6.24 22.76 29.53 116.09

Global Weekly Events

Date Region Event Description Forecast Previous
Jan 17,2022 CNY Industrial Production (YoY) (Dec) 3.6% 3.8%
Jan 17,2022 CNY GDP (YoY) (Q4) 3.6% 4.9%
Jan 19,2022 USD Building Permits (Dec) 1.701M 1.717M
Jan 20,2022 CNY PBoC Loan Prime Rate 3.8%
Jan 20,2022 USD Initial Jobless Claims 230K
Jan 20,2022 USD Crude Oil Inventories -4.533M

Domestic Economy Indicators

Heading Indicators Current Previous
 RBI Policy Rate Policy Repo Rate 4.00% 4.00%
Reverse Repo Rate 3.35% 3.35%
Bank Rate 4.25% 4.25%
 Reserve Ratio CRR 4.00% 4.00%
SLR 18.00% 18.00%
 Inflation Rate Wholesale Price Index 13.56% 14.23%
Consumer Price Index 5.59% 4.91%
 Trade Data Export ($ Million) 37810 30040
Import ($ Million) 59480 52940
IIP 1.4% 3.2%

 

Domestic Indices Closing (14th

Jan)

Change %Change
BSE Sensex 61,223.03 1,478.38 2.47
Nifty 18,255.75 443.05 2.49
Mid Cap 26,085.24 612.41 2.40
Small Cap 30,951.28 919.14 3.06
Bank Nifty 38,370.40 630.80 1.67
Global Indices Closing (14th Jan) Change %Change
Dow Jones 35,911.28 -320.25 -0.88
Nasdaq 15,595.75 14.75 0.09
FTSE 7,542.95 57.67 0.77
Nikkei 28,124.28 -354.28 -1.24
Hang Seng 24,383.32 889.94 3.79
Shanghai Com 3,521.26 -58.28 -1.63

 

Net Inflow (Cr) FII DII
10-Jan-2022 -124.23 481.55
11-Jan-2022 111.91 378.74
12-Jan-2022 -1,001.57 1,332.01
13-Jan-2022 -1,390.85 1,065.32
14-Jan-2022 -1,598.20 371.41
Total -4002.94 3629.03
     

 

Top Gainers Closing Price Prev Close Chg (%)
Larsen & Toubro 2044.75 1904.90 7.34
Infosys 1929.35 1814.30 6.34
M & M 881.20 829.00 6.30
Adani Ports 780.10 736.10 5.98
Coal India 164.75 156.95 4.97
Top Losers Closing Price Prev Close Chg (%)
Wipro 639.80 711.50 -10.08
Asian Paints 3364.40 3576.30 -5.93
Hind. Unilever 2363.7 2416.15 -2.17
Axis Bank   721.30 730.60 -1.22
Britannia 3712.05 3737.35 -0.68

Source: Investing, NDTV, BSE, CNBCTV18, Moneycontrol,

Economic News:

  • India’s wholesale inflation eased from its record high as a fall in prices of manufactured products, fuel and power offset costlier vegetables. Inflation, as measured by the Wholesale Price Index, stood at 13.56% in December against 14.23% in November, the highest reading since 1991. The gauge declined 0.35% over the previous month in December, according to data released by the Ministry of Commerce and Industry on Friday. Retail inflation stood at 5.59% in December, compared with 4.91% in November, according to data released by the Ministry of Statistics and Program Implementation on Wednesday.

  • The third wave of Covid-19 infections will likely have a far smaller economic impact than the previous two surges in infections, according to Nomura economists. Nomura expects the January-March quarter to see sequential growth of 1%, on a quarter-on-quarter seasonally adjusted basis, according to a Jan. 14 note. This compares to 3% sequential growth in the previous quarter. As such, the economic the economic hit from this wave of infections is seen to be much smaller than during the second wave when the economy contracted 8% on a quarter-on-quarter, seasonally adjusted basis.

Industry News:

  • The road transport ministry has said it will make it mandatory for carmakers to provide a minimum of six airbags in motor vehicles that can carry up to 8 passengers for enhanced safety of occupants from October this year. The Ministry of Road Transport and Highways (MoRTH) in a statement said that in order to enhance the safety of occupants of the motor vehicle against lateral impact, it has been decided to enhance safety features by amending the Central Motor Vehicles Rules (CMVR), 1989.

 

  • Banks are seeing a gradual pick-up in loans as there are distinct signs of pick-up in the economy and revival investments and loan demand Banks ended the calendar year with higher credit growth of 9.2 per cent as of December 31 on a year-on-year (y-o-y) basis compared to 6.6 per cent growth a year ago. Outstanding loans amounted to Rs 116.8 lakh crore. Significantly, loans rose Rs 3.69 lakh crore during the last fortnight of the calendar year ending December, according to the latest data released by the Reserve Bank of India.

 

 Company News:

  • HDFC Bank on Saturday reported a net profit of Rs 10,342.2 crore in October-December quarter; registering an increase of 18 per cent year-on-year as strong growth in the private lender’s net revenues boosted its bottom line. Net interest income for the quarter under review grew by 13 per cent to Rs 18,443.5 crore, up from Rs 16,317.6 crore a year ago. The results were broadly in line with market expectations, which had pegged the on-year growth in net profit at 12-18 per cent and net interest income at 11-17 per cent

 

  • Aditya Birla Fashion and Retail Ltd (ABFRL) on Friday said it will acquire a 51 per cent majority shareholding in popular and contemporary brand ‘Masaba’ promoted by the leading designer Masaba Gupta for a cash consideration of Rs 90 crore. The Aditya Birla Group has entered into a ‘binding term sheet’ agreement to acquire a 51 per cent stake in ‘House of Masaba Lifestyle Pvt Ltd’, a move which will strengthen its play into fashion for young and digitally native consumers

  • The country’s largest two-wheeler maker Hero MotoCorp Friday announced a new investment of up to Rs. 420 Crore in Ather Energy. The company’s board has approved the investment in one or more tranches. Prior to the proposed investment, Hero MotoCorp’s shareholding in Ather Energy was 34.8% (on a fully diluted basis). Post the investment, the shareholding will increase and the exact shareholding will be determined upon completion of capital raise round by Ather.

Global News

  • After Tesla Founder & CEO Elon Musk said his company was facing challenges to launching operations in India, KT Rama Rao, the Industry & Commerce Minister of Telangana made a pitch to the former to set shop in Telangana. “Will be happy to partner Tesla in working through the challenges to set shop in India/Telangana,” the minister said on Twitter responding to Musk. “Our state is a champion in sustainability initiatives & a top notch business destination in India.

 

  • China’s economy expanded at its fastest pace for 10 years in 2021, according to an AFP poll of analysts, but its strong recovery from the Covid-19 pandemic is threatened by Omicron and a property sector slowdown. The eight percent growth would be well above the government’s target of more than six percent, and comes on the back of a strong start to the year as a “zero-Covid” policy allowed the country to lead the global economic recovery.

(Source:Bloomberg Quint, Economic Times, BusinessToday,Business Standard, Financial Express,Investing, Moneycontrol, livemint)

Forthcoming Corporate Actions – 17th January – 22nd January

Security Name Ex-Date Purpose Security Name Ex-Date Purpose
ELDEHSG 17-Jan-22 Stock Split from Rs.10/- to Rs.2/- MAHACORP 20-Jan-22 E.G.M.
HGS 17-Jan-22 Interim Dividend – Rs. – 150.0000 RAILTEL 20-Jan-22 Interim Dividend – Rs. – 1.7500
NAUKRI 17-Jan-22 Interim Dividend – Rs. – 8.0000 SIEMENS 20-Jan-22 Final Dividend – Rs. – 8.0000
JOONKTOLL 18-Jan-22 Right Issue of Equity Shares VGIL 20-Jan-22 Right Issue of Equity Shares
ANANDRATHI 19-Jan-22 Interim Dividend – Rs. – 5.0000 VISAGAR 20-Jan-22 Stock Split from Rs.2/- to Rs.1/-
CHOICEIN 19-Jan-22 Right Issue of Equity Shares VISAGAR 20-Jan-22 Bonus issue 1:2
TCS 19-Jan-22 Interim Dividend – Rs. – 7.0000 WIPRO 21-Jan-22 Interim Dividend – Rs. – 1.0000
HCLTECH 20-Jan-22 Interim Dividend – Rs. – 10.0000

Source: BSE, Elite wealth Research

Upcoming Key Board Meetings – 17th January – 22nd January

Symbol Purpose BM Date Symbol Purpose BM Date
ANGELONE Interim Dividend;Quarterly Results 17-Jan-22 TEJASNET Quarterly Results 19-Jan-22
BCPL General 17-Jan-22 ASIANPAINT Quarterly Results 20-Jan-22
BEPL Interim Dividend;Quarterly Results 17-Jan-22 ATFL Quarterly Results 20-Jan-22
FCL ESOP;Quarterly Results;General 17-Jan-22 BAJAJFINSV Quarterly Results 20-Jan-22
GOODLUCK Quarterly Results 17-Jan-22 BAJAJHLDNG Quarterly Results 20-Jan-22
HATHWAY Quarterly Results 17-Jan-22 BANARBEADS Quarterly Results 20-Jan-22
HFCL Quarterly Results 17-Jan-22 BIOCON General;Quarterly Results 20-Jan-22
INDOCITY Quarterly Results 17-Jan-22 CENTURYTEX Quarterly Results 20-Jan-22
KPIGLOBAL Interim Dividend;Quarterly Results 17-Jan-22 CONCOR Interim Dividend;General; Results 20-Jan-22
MAHSCOOTER Quarterly Results 17-Jan-22 CYIENT Quarterly Results 20-Jan-22
MINDSPACE General 17-Jan-22 DATAMATICS Quarterly Results 20-Jan-22
MOSCHIP Quarterly Results 17-Jan-22 DODLA Quarterly Results 20-Jan-22
NAZARA Preferential Issue of shares 17-Jan-22 HATSUN Quarterly Results 20-Jan-22
SONATSOFTW Quarterly Results 17-Jan-22 HAVELLS Quarterly Results 20-Jan-22
TATASTLLP Audited Results;Quarterly Results 17-Jan-22 HINDUNILVR Quarterly Results 20-Jan-22
TATVA Quarterly Results 17-Jan-22 KHAICHEM Quarterly Results 20-Jan-22
ULTRACEMCO Quarterly Results 17-Jan-22 MPHASIS Quarterly Results 20-Jan-22
VIKASECO Quarterly Results;General 17-Jan-22 ORIENTELEC Interim Dividend;Quarterly Results 20-Jan-22
BAJFINANCE Quarterly Results;General 18-Jan-22 PERSISTENT Interim Dividend;General;Results 20-Jan-22
DCMSHRIRAM Interim Dividend;Quarterly Results 18-Jan-22 PNBHOUSING Quarterly Results 20-Jan-22
DEN Quarterly Results 18-Jan-22 RIIL Quarterly Results 20-Jan-22
GICRE General 18-Jan-22 SASKEN General;Quarterly Results 20-Jan-22
ICICIPRULI Audited Results 18-Jan-22 SOUTHBANK Quarterly Results 20-Jan-22
ISEC Quarterly Results 18-Jan-22 VIMTALABS Quarterly Results 20-Jan-22
JUSTDIAL Quarterly Results;General 18-Jan-22 VSTIND Quarterly Results 20-Jan-22
LTTS Interim Dividend;Quarterly Results 18-Jan-22 20MICRONS Audited Results 21-Jan-22
NETWORK18 Quarterly Results 18-Jan-22 AMAL General 21-Jan-22
NEWGEN Quarterly Results 18-Jan-22 BANDHANBNK Quarterly Results 21-Jan-22
RKFORGE Quarterly Results;Stock  Split 18-Jan-22 CSBBANK Quarterly Results 21-Jan-22
SHAKTIPUMP Quarterly Results 18-Jan-22 CYBERTECH Quarterly Results 21-Jan-22
SHALPAINTS General 18-Jan-22 GLAND Quarterly Results 21-Jan-22
TATAELXSI Audited Results;Quarterly Results 18-Jan-22 HDFCLIFE Quarterly Results 21-Jan-22
TRIDENT Quarterly Results 18-Jan-22 HERITGFOOD Quarterly Results 21-Jan-22
TV18BRDCST Quarterly Results 18-Jan-22 HINDZINC Quarterly Results 21-Jan-22
APTECHT Quarterly Results 19-Jan-22 IDBI Quarterly Results 21-Jan-22
ASRL General 19-Jan-22 JSWSTEEL Quarterly Results 21-Jan-22
BAJAJ-AUTO Quarterly Results 19-Jan-22 JYOTHYLAB Quarterly Results 21-Jan-22
CCL Interim Dividend;Quarterly Results 19-Jan-22 KAJARIACER Quarterly Results 21-Jan-22
CEATLTD Quarterly Results 19-Jan-22 L&TFH Quarterly Results 21-Jan-22
CFL Quarterly Results 19-Jan-22 NETLINK General;Quarterly Results 21-Jan-22
CHEMBOND Quarterly Results 19-Jan-22 NGIL Quarterly Results;General 21-Jan-22
GREENPOWER Quarterly Results 19-Jan-22 OAL Quarterly Results 21-Jan-22
ICICIGI Audited Results 19-Jan-22 PNBGILTS Quarterly Results 21-Jan-22
JSWENERGY Quarterly Results 19-Jan-22 POLYCAB Quarterly Results 21-Jan-22
JSWISPL General;Quarterly Results 19-Jan-22 PVR Quarterly Results 21-Jan-22
LTI General;Quarterly Results 19-Jan-22 RAMCOIND Quarterly Results 21-Jan-22
MASTEK Quarterly Results 19-Jan-22 RELIANCE Quarterly Results 21-Jan-22
NELCO Quarterly Results 19-Jan-22 SBILIFE Quarterly Results 21-Jan-22
OFSS Quarterly Results 19-Jan-22 TANLA Quarterly Results 21-Jan-22
RALLIS Quarterly Results 19-Jan-22 VINYLINDIA Quarterly Results 21-Jan-22
SAREGAMA Quarterly Results 19-Jan-22 WENDT Interim Dividend;Quarterly Results 21-Jan-22
STLTECH Quarterly Results 19-Jan-22 ICICIBANK Quarterly Results 22-Jan-22
SYNGENE Quarterly Results 19-Jan-22 SESHAPAPER Quarterly Results 22-Jan-22
TATACOMM Quarterly Results 19-Jan-22 SHARDACROP Interim Dividend;Quarterly Results 22-Jan-22
TATAINVEST Quarterly Results 19-Jan-22 YESBANK Quarterly Results 22-Jan-22

Major Economy Indicators

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